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Philippine Peso to Euro (PHP/EUR) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 20, 2024 (8:26)
Reverse forecast: EUR to PHP
Philippine Peso / Euro price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Philippine Peso (PHP) to Euro (EUR) | 1.6 | 1.6 | 1.6 | |
| 200 Philippine Peso (PHP) to Euro (EUR) | 3.2 | 3.2 | 3.2 | |
| 500 Philippine Peso (PHP) to Euro (EUR) | 8 | 8 | 8.1 | |
| 1000 Philippine Peso (PHP) to Euro (EUR) | 15.9 | 16.1 | 16.2 | |
| 3000 Philippine Peso (PHP) to Euro (EUR) | 47.8 | 48.3 | 48.7 |
How much will the PHP/EUR currency pair cost in 2024, 2025 and 2026? What is the forecast for the PHP/EUR currency pair? What is the target price of the Philippine Peso / Euro currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Philippine Peso rise or fall against the Euro?
Identifying the trend of the PHP/EUR currency pair
The Euro's recent performance against the US dollar suggests caution in the markets ahead of the Federal Reserve meeting. The neutral sentiment score indicates that investors are likely on standby, awaiting further clarity from the Fed's decisions that could pivot currency valuations modestly.
Meanwhile, the impact of the Canadian earthquake on the EUR exchange rate remains negligible, with no economic ties to such events. However, the US dollar's marginal dip due to softer CPI readings has provided slight relief to the Euro, albeit with a neutral sentiment reflecting markets' cautious interpretation of available data.
In addition, Ferrari's share buyback program indicates market confidence, potentially bolstering investor sentiment toward the Eurozone's economic health, resulting in a somewhat bullish sentiment for the EUR. However, the reduction in net long positions in euro speculations suggests waning bullish sentiment among significant players, maintaining a cautious market outlook.
Investors may expect a period of volatility and uncertainty in the EUR exchange rates as they monitor Fed guidelines, economic indicators, and corporate strategies such as buybacks to guide their positions.
EUR Trend Forecasting
Regarding the EUR currency, 20 news pieces were analyzed. The average relevance of these news items is 0.45 (the closer to 1, the higher).|
2024-09-18
|
Neutral | Impact: 0.06 | News: 1 (0/1/0) |
|
2024-09-16
|
Neutral | Impact: 0.05 | News: 4 (1/3/0) |
|
2024-09-13
|
Bullish | Impact: 0.16 | News: 3 (2/0/1) |
|
2024-09-12
|
Bullish | Impact: 0.11 | News: 3 (2/1/0) |
|
2024-09-11
|
Neutral | Impact: -0.14 | News: 2 (0/1/1) |
|
2024-09-10
|
Bullish | Impact: 0.22 | News: 2 (2/0/0) |
|
2024-09-09
|
Bullish | Impact: 0.32 | News: 2 (1/1/0) |
|
2024-09-06
|
Bullish | Impact: 0.24 | News: 2 (1/1/0) |
|
2024-09-05
|
Neutral | Impact: -0.02 | News: 1 (0/1/0) |
Euro Reaches Near Three-Week High Versus US Dollar Amid Anticipation of Fed Meeting
September 18, 2024 (11:17)
Trend: Neutral
Influence: 0.06
The Euro's near three-week high against the US dollar suggests a market cautious yet optimistic ahead of the Federal Reserve meeting. The neutral sentiment score indicates that investors may be waiting for further direction from the Fed's decisions, affecting the EUR's performance as compared to the USD.
Bay Street Set for a Mixed Opening
September 16, 2024 (13:27)
Trend: Neutral
Influence: 0
The EUR exchange rate remains unaffected by this news as there is no direct economic connection to the earthquake event in Canada. The neutral sentiment reflects a lack of any significant market-moving information impacting the Euro.
This chart provides a comparative trend analysis of sentiment scores over time for PHP and EUR currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Philippine Peso/Euro currency pair
The chart below shows the historical quotes of the PHP/EUR pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Philippine Peso/Euro rate can be found in the table below.
Long-term forecasts by years.
EUR Main News
Dollar Dips as U.S. CPI Softens
September 16, 2024 (13:25)
Trend: Neutral
Influence: -0.03
The recent softer U.S. CPI readings have mildly weakened the Dollar, providing a slight relief to the Euro amidst its ongoing volatility. However, the minimal sentiment change reflects the market's cautious approach to interpreting this data, leading to a relatively neutral impact on the EUR exchange rate.
Ferrari N.V.: Update on Share Buyback Program
September 16, 2024 (13:26)
Trend: Somewhat-Bullish
Influence: 0.29
The slightly positive sentiment towards the EUR may be influenced by Ferrari's substantial share buyback, which could signal confidence in the market and potentially stimulate economic activity. Such financial maneuvers by prominent companies like Ferrari can strengthen investor sentiment towards the Eurozone economy.
Slight Reduction in Euro's Speculative Net Long Positions
September 16, 2024 (07:20)
Trend: Neutral
Influence: -0.08
The slight reduction in net long positions for the Euro represents a shift towards less bullish sentiment among large speculators, contributing to the neutral to slightly negative impact on the EUR exchange rate. This change indicates potential concerns over the Euro's future, prompting a cautious market response.
Today's Silver Trading Tactics: Opt for Dip Buying; Critical Points Inside
September 13, 2024 (01:19)
Trend: Somewhat-Bearish
Influence: -0.18
The news highlights an increase in silver prices due to expectations of a Federal Reserve rate cut and strong industrial commodity prices. This scenario causes a somewhat bearish effect on the EUR, as investors might shift their focus toward precious metals and commodities, reducing demand for the Euro currency.
India's Forex Reserves Hit Record High with $5.25 Billion Surge
September 13, 2024 (12:03)
Trend: Bullish
Influence: 0.37
The sharp increase in India's forex reserves signifies economic stability and strength, potentially influencing international investors to move funds into higher-yield currencies, including the Euro. This inflow of capital can appreciate the Euro, thereby creating a bullish sentiment in the EUR exchange rate.
Euro Reaches Weekly High After Lagarde's Remarks
September 13, 2024 (06:36)
Trend: Somewhat-Bullish
Influence: 0.28
The recent comments from Lagarde have positively influenced market perception, leading to a rise in the Euro. This moderate bullish sentiment is reflected in the Euro reaching its highest level in a week.
Interest Rate Cuts by ECB Boost Markets Amidst Bitcoin Recovery
September 12, 2024 (16:58)
Trend: Somewhat-Bullish
Influence: 0.18
The ECB's decision to lower interest rates tends to weaken the euro as investors may seek higher returns in other currencies. However, a somewhat bullish sentiment indicates optimism that rate cuts could stimulate economic growth, providing some support for the euro.
Euro Holds Steady Near One-Month Low Before ECB Rate Announcement
September 12, 2024 (11:48)
Trend: Neutral
Influence: -0.1
The euro is experiencing pressure due to uncertainty regarding the ECB's upcoming interest rate decision, which could significantly impact its strength against the dollar. Investors are cautious as any signals from President Christine Lagarde could either bolster or exacerbate the euro's current position relative to the dollar.
GE T&D Achieves 4% Stock Growth Following Significant Order Acquisitions
September 12, 2024 (04:22)
Trend: Somewhat-Bullish
Influence: 0.26
The rise in GE T&D's share price after securing multiple orders suggests increased investor confidence, which can have a positive effect on related industries and economies that engage with the company. This increase in business activity and market confidence is likely to slightly bolster the EUR, as reflected by its somewhat bullish sentiment.
ED Raids in Axis Mutual Fund Front-Running Investigation in Mumbai and Kolkata
September 11, 2024 (15:23)
Trend: Neutral
Influence: -0.04
The news of the front-running case involving Axis Mutual Fund could lead to increased market uncertainty, causing investors to be cautious. This has likely contributed to the slight negative sentiment towards the EUR, as such investigations can affect investor confidence and market stability.
Statkraft AS Issues Successful SEK Green Bonds Under EMTN Programme
September 11, 2024 (12:57)
Trend: Somewhat-Bearish
Influence: -0.25
The issuance of SEK green bonds by Statkraft under the Euro Medium Term Note programme has led to a somewhat bearish sentiment for the EUR, likely due to increased competition in the bond market or altered capital flows. This move might be perceived as a shift in investment from Euro-denominated bonds to other currencies, influencing the EUR exchange rate negatively.
Ferrari N.V.: Update on 250 Million Euro Share Buyback Initiative
September 10, 2024 (14:17)
Trend: Somewhat-Bullish
Influence: 0.29
The news of Ferrari's substantial share buyback program, which requires a significant Euro expenditure, signals the company's confidence in its market value and financial stability, potentially boosting investor sentiment towards the Euro. Additionally, such buybacks can increase demand for the currency, slightly appreciating its exchange rate, as reflected in the somewhat bullish sentiment.
IMF Highlights Rising Importance of Alternative Currencies in a Fragmented Global Economy
September 10, 2024 (07:17)
Trend: Somewhat-Bullish
Influence: 0.15
The IMF's acknowledgment of growing risks of geoeconomic fragmentation suggests that traditional currency dominance, like the Euro, may face challenges, though the focus on alternatives provides the Euro with an opportunity for stabilization. As investors seek diversified currency options, the slight bullish sentiment reflects optimism for the Euro's strategic advantage in the evolving monetary landscape.
Completion of Share Buyback Initiative
September 9, 2024 (15:30)
Trend: Bullish
Influence: 0.5
The completion of DEME Group NV's share buyback programme suggests a strong financial position, increasing investor confidence which is bullish for the EUR. Furthermore, the substantial amount involved in the buyback reflects positively on the regional economy, likely contributing to the positive sentiment towards the Euro.
Speculators Increase Euro Net Long Positions in Futures Market
September 9, 2024 (09:02)
Trend: Neutral
Influence: 0.13
The continued rise in net long positions suggests that investors are anticipating a strengthening of the Euro in the near future. However, the neutral sentiment score indicates that the market impact is not yet pronounced, reflecting mixed expectations or competing market influences.
Comprehensive Analysis of News and Events influencing the PHPEUR currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Philippine Peso/Euro currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Philippine Peso / Euro Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 22 | 0.0159 | 0.0159 | 0.0160 | 0.84 % |
| Sep 23 | 0.0160 | 0.0159 | 0.0160 | 0.74 % |
| Sep 24 | 0.0160 | 0.0159 | 0.0161 | 1.24 % |
| Sep 25 | 0.0160 | 0.0159 | 0.0161 | 1.13 % |
| Sep 26 | 0.0160 | 0.0160 | 0.0161 | 0.69 % |
| Sep 27 | 0.0161 | 0.0160 | 0.0162 | 1.00 % |
| Sep 28 | 0.0161 | 0.0160 | 0.0162 | 1.07 % |
| Sep 29 | 0.0161 | 0.0160 | 0.0162 | 1.10 % |
| Sep 30 | 0.0162 | 0.0161 | 0.0163 | 1.27 % |
| Oct 01 | 0.0162 | 0.0161 | 0.0163 | 1.06 % |
| Oct 02 | 0.0163 | 0.0162 | 0.0164 | 1.15 % |
| Oct 03 | 0.0163 | 0.0162 | 0.0164 | 1.31 % |
| Oct 04 | 0.0162 | 0.0161 | 0.0163 | 0.99 % |
| Oct 05 | 0.0161 | 0.0160 | 0.0162 | 0.84 % |
| Oct 06 | 0.0161 | 0.0160 | 0.0162 | 0.68 % |
| Oct 07 | 0.0160 | 0.0159 | 0.0161 | 0.88 % |
| Oct 08 | 0.0159 | 0.0158 | 0.0160 | 0.91 % |
| Oct 09 | 0.0158 | 0.0158 | 0.0159 | 1.08 % |
| Oct 10 | 0.0159 | 0.0158 | 0.0160 | 1.01 % |
| Oct 11 | 0.0160 | 0.0160 | 0.0161 | 0.78 % |
| Oct 12 | 0.0160 | 0.0159 | 0.0161 | 0.90 % |
| Oct 13 | 0.0160 | 0.0159 | 0.0161 | 1.03 % |
| Oct 14 | 0.0159 | 0.0159 | 0.0160 | 1.05 % |
| Oct 15 | 0.0159 | 0.0159 | 0.0160 | 0.89 % |
| Oct 16 | 0.0159 | 0.0158 | 0.0160 | 1.30 % |
| Oct 17 | 0.0160 | 0.0159 | 0.0160 | 0.90 % |
| Oct 18 | 0.0161 | 0.0160 | 0.0162 | 0.95 % |
| Oct 19 | 0.0162 | 0.0161 | 0.0162 | 0.75 % |
| Oct 20 | 0.0163 | 0.0162 | 0.0164 | 0.98 % |
| Oct 21 | 0.0162 | 0.0161 | 0.0163 | 1.07 % |
Target daily price PHP/EUR
Target values of the PHP/EUR currency pair as of 09-22-2024.
Optimistic target level: 0.0160
Pessimistic target level: 0.0159
Target values of the PHP/EUR currency pair as of 09-23-2024.
Optimistic target level: 0.0160
Pessimistic target level: 0.0159
Target values of the PHP/EUR currency pair as of 09-24-2024.
Optimistic target level: 0.0161
Pessimistic target level: 0.0159
Target values of the PHP/EUR currency pair as of 09-25-2024.
Optimistic target level: 0.0161
Pessimistic target level: 0.0159
Target values of the PHP/EUR currency pair as of 09-26-2024.
Optimistic target level: 0.0161
Pessimistic target level: 0.0160
Philippine Peso / Euro (PHP/EUR) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.0162 | 0.0158 | 0.0164 | 3.70 % |
| Nov | 0.0161 | 0.0158 | 0.0162 | 2.68 % |
| Dec | 0.0161 | 0.0157 | 0.0164 | 4.26 % |
PHP/EUR forecast for this year
Forecast of the PHP/EUR pair for Oct 2024
Forecast of the PHP/EUR pair for Nov 2024
Forecast of the PHP/EUR pair for Dec 2024
Philippine Peso / Euro (PHP/EUR) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0162 | 0.0158 | 0.0164 | 3.66 % |
| Feb | 0.0161 | 0.0160 | 0.0164 | 2.62 % |
| Mar | 0.0158 | 0.0156 | 0.0161 | 3.34 % |
| Apr | 0.0155 | 0.0153 | 0.0158 | 2.97 % |
| May | 0.0154 | 0.0151 | 0.0157 | 3.88 % |
| Jun | 0.0154 | 0.0153 | 0.0156 | 2.03 % |
| Jul | 0.0154 | 0.0153 | 0.0154 | 1.22 % |
| Aug | 0.0155 | 0.0152 | 0.0158 | 3.87 % |
| Sep | 0.0155 | 0.0152 | 0.0159 | 4.15 % |
| Oct | 0.0153 | 0.0150 | 0.0154 | 2.65 % |
| Nov | 0.0154 | 0.0152 | 0.0158 | 3.32 % |
| Dec | 0.0154 | 0.0153 | 0.0156 | 2.20 % |
Philippine Peso / Euro (PHP/EUR) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0154 | 0.0153 | 0.0156 | 1.81 % |
| Feb | 0.0151 | 0.0148 | 0.0153 | 3.06 % |
| Mar | 0.0152 | 0.0149 | 0.0154 | 3.04 % |
| Apr | 0.0148 | 0.0146 | 0.0151 | 3.72 % |
| May | 0.0147 | 0.0145 | 0.0150 | 3.37 % |
| Jun | 0.0149 | 0.0148 | 0.0152 | 2.98 % |
| Jul | 0.0147 | 0.0144 | 0.0150 | 3.94 % |
| Aug | 0.0150 | 0.0148 | 0.0153 | 3.07 % |
| Sep | 0.0150 | 0.0148 | 0.0153 | 2.84 % |
| Oct | 0.0148 | 0.0145 | 0.0151 | 3.91 % |
| Nov | 0.0147 | 0.0146 | 0.0150 | 2.56 % |
| Dec | 0.0149 | 0.0146 | 0.0150 | 3.05 % |